Meme Coins 'Still Have Plenty Of Upside Left': Trader Predicts TRUMP, BODEN To Dominate Election Season, Looks To Size Up On Dogecoin

Crypto trader Altcoin Sherpa shared his thoughts on the prospects of meme coins, particularly focusing on the potential impact of the upcoming U.S. election on the market.

What Happened: Altcoin Sherpa’s U.S. election thesis revolves around three key meme coins, Maga Memecoin TRUMP/USD, Jeo Boden BODEN/USD and Based USA USA/USD. He believes these will dominate news cycles over the upcoming six months, creating significant upside. He specifies not owning BODEN, but the other two.

Besides this, he is bullish on Non-Playable Coin NPC/USD due to its innovative approach combining meme culture with NFTs and a strong marketing team. He also holds Foxy FOXY/USD and Puff PUFF/USD, which he considers potent meme coins on the Linea and Mantle chains, respectively. Sherpa notes, "Pacmoon PAC/USD on Blast might be good too given Blast is going to have its launch in a month or so."

Highlighting his investment strategy, he notes:

• Expanding his portfolio with Pepe PEPE/USD which has top potential for Ethereum-based and non-dog meme coins.
• Sizing up Dogecoin DOGE/USD, noting its scalability for larger investments.
• Contemplating adding a cat-themed meme to his holdings, as he foresees them to catch up soon
• Among Solana meme coins, he prefers sticking to lower fully diluted valuation options.
• Bonk BONK/USD and Dogwifhat WIF/USD are interchangeable, but Sherpa believes BONK may be a better short- to mid-term bet.

Also Read: ‘The Dogecoin Explosion Made Something Click In Me:’ Veteran Trader Shares Secrets To Turning Pennies Into Millions With Meme Coins

Why It Matters: Sherpa maintains his optimism about the meme coin market. "Memes are going to be strong for this cycle and we still have plenty of upside left," he asserts.

However, he emphasizes the importance of carefully choosing investments based on solid theses. "Be safe and definitely include some of these in your portfolio," he advises.

Altcoin Sherpa’s insights offer a roadmap for traders looking to navigate the potentially lucrative but volatile meme coin market, especially with the U.S. Presidential elections on the horizon.

What’s Next: The influence of meme coins and Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: ‘Dogecoin Isn’t Dead,’ Asserts Trader: GameStop And AMC Showed Retail Is ‘Risk On’ And DOGE ‘Will Move Vertical Once Again’

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image created using artificial intelligence with Midjourney.